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Can my mom break the lease on her car?

How does my mom break the lease on her car? She still has 11 months on the lease and she can't drive any more.
Status: Open    Aug 03, 2016 - 11:07 AM

Elder Law

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Expert Answers

Aug 04, 2016 - 11:29 AM

I am sorry to hear that. Most likey she cannot. She may be able to 'turn it in early' and receive lower payments for the remaining 11 months. The car dealership has no real incentive to help. If someone else wants to lease or buy a car they have plenty to sell. Another option is to see what the buy-out price of the car is. You might be able to buy the car for $15,000 and then sell it for $15,000. If so, nothing lost. If payments are $300/month the next 11 months will cost $3,300. If the buy-out is $15,000 and you then sell the car for $13,000 the total loss is less.
I am sorry I do not have better news. The other option is if you need a car you can drive it.
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